Condensed Consolidating Financial Information (Tables)

12 Months Ended

Oct. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

Year Ended October 31, 2013

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	464		$	422,210		$	472,864		$	1,158,281		$	(243,249	)	$	1,810,570
Cost of goods sold		—			252,103			330,655			548,582			(193,201	)		938,139
Gross profit		464			170,107			142,209			609,699			(50,048	)		872,431
Selling, general and administrative expense		54,002			131,560			137,148			559,152			(24,305	)		857,557
Asset impairments		—			1,646			5,939			4,742			—			12,327
Operating (loss)/income		(53,538	)		36,901			(878	)		45,805			(25,743	)		2,547
Interest expense, net		39,487			4,359			1			27,202			—			71,049
Foreign currency loss/(gain)		318			56			(4	)		4,319			—			4,689
Equity in earnings		138,111			2,739			—			—			(140,850	)		—
(Loss)/income before provision/(benefit) for income taxes		(231,454	)		29,747			(875	)		14,284			115,107			(73,191	)
Provision/(benefit) for income taxes		422			(665	)		(3,488	)		169,951			—			166,220
(Loss)/income from continuing operations		(231,876	)		30,412			2,613			(155,667	)		115,107			(239,411	)
(Loss)/income from discontinued operations		(689	)		—			5,211			1,353			11			5,886
Net (loss)/income		(232,565	)		30,412			7,824			(154,314	)		115,118			(233,525	)
Net loss attributable to non-controlling interest		—			—			—			960			—			960
Net (loss)/income attributable to Quiksilver, Inc.		(232,565	)		30,412			7,824			(153,354	)		115,118			(232,565	)
Other comprehensive loss		(12,494	)		—			—			(12,494	)		12,494			(12,494	)
Comprehensive (loss)/income attributable to Quiksilver, Inc.	$	(245,059	)	$	30,412		$	7,824		$	(165,848	)	$	127,612		$	(245,059	)

Condensed Consolidating Statement of Operations

Year Ended October 31, 2012

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	469		$	453,532		$	537,295		$	1,222,273		$	(271,720	)	$	1,941,849
Cost of goods sold		—			275,179			358,290			579,152			(212,091	)		1,000,530
Gross profit		469			178,353			179,005			643,121			(59,629	)		941,319
Selling, general and administrative expense		56,983			147,684			151,230			562,946			(30,593	)		888,250
Asset impairments		—			11			5,151			2,072			—			7,234
Operating (loss)/income		(56,514	)		30,658			22,624			78,103			(29,036	)		45,835
Interest expense, net		28,987			5,352			1			26,545			—			60,885
Foreign currency (gain)/loss		(173	)		(148	)		96			(1,484	)		—			(1,709	)
Equity in earnings		(74,572	)		4,674			—			—			69,898			—
(Loss)/income before provision/(benefit) for income taxes		(10,756	)		20,780			22,527			53,042			(98,934	)		(13,341	)
Provision/(benefit) for income taxes		—			1,144			(3,097	)		5,857			—			3,904
(Loss)/income from continuing operations		(10,756	)		19,636			25,624			47,185			(98,934	)		(17,245	)
Income from discontinued operations		—			—			5,721			2,080			(299	)		7,502
Net (loss)/income		(10,756	)		19,636			31,345			49,265			(99,233	)		(9,743	)
Net income attributable to non-controlling interest		—			—			—			(1,013	)		—			(1,013	)
Net (loss)/income attributable to Quiksilver, Inc.		(10,756	)		19,636			31,345			48,252			(99,233	)		(10,756	)
Other comprehensive loss		(29,715	)		—			—			(29,715	)		29,715			(29,715	)
Comprehensive (loss)/income attributable to Quiksilver, Inc.	$	(40,471	)	$	19,636		$	31,345		$	18,537		$	(69,518	)	$	(40,471	)

Condensed Consolidating Statement of Operations

Year Ended October 31, 2011

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	464		$	440,088		$	444,454		$	1,263,177		$	(231,856	)	$	1,916,327
Cost of goods sold		—			268,361			279,712			548,993			(180,525	)		916,541
Gross profit		464			171,727			164,742			714,184			(51,331	)		999,786
Selling, general and administrative expense		43,045			139,530			159,715			565,717			(25,631	)		882,376
Asset impairments		—			1,778			1,621			82,974			—			86,373
Operating (loss)/income		(42,581	)		30,419			3,406			65,493			(25,700	)		31,037
Interest expense, net		28,871			3,795			(1	)		41,152			—			73,817
Foreign currency loss/(gain)		30			(229	)		21			(101	)		—			(279	)
Equity in earnings		(50,224	)		(836	)		—			—			51,060			—
(Loss)/income before provision/(benefit) for income taxes		(21,258	)		27,689			3,386			24,442			(76,760	)		(42,501	)
Provision/(benefit) for income taxes		—			165			(3,971	)		(14,662	)		—			(18,468	)
(Loss)/income from continuing operations		(21,258	)		27,524			7,357			39,104			(76,760	)		(24,033	)
Income from discontinued operations		—			—			6,120			375			(332	)		6,163
Net (loss)/income		(21,258	)		27,524			13,477			39,479			(77,092	)		(17,870	)
Net income attributable to non-controlling interest		—			—			—			(3,388	)		—			(3,388	)
Net (loss)/income attributable to Quiksilver, Inc.		(21,258	)		27,524			13,477			36,091			(77,092	)		(21,258	)
Other comprehensive income		2,445			—			—			2,445			(2,445	)		2,445
Comprehensive (loss)/income attributable to Quiksilver, Inc.	$	(18,813	)	$	27,524		$	13,477		$	38,536		$	(79,537	)	$	(18,813	)

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

October 31, 2013

In thousands	Quiksilver, Inc.		QS Wholesale, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	35	$	3,733	$	296	$	53,216	$	—		$	57,280
Trade accounts receivable, net		—		83,991		48,230		279,417		—			411,638
Other receivables		19		5,613		2,007		15,667		—			23,306
Inventories		—		43,405		93,074		224,695		(23,459	)		337,715
Deferred income taxes		—		24,624		—		6,482		(21,109	)		9,997
Prepaid expenses and other current assets		3,372		3,271		3,752		13,729		—			24,124
Intercompany balances		—		173,547		—		—		(173,547	)		—
Current portion of assets held for sale		—		—		26,051		25,475		(330	)		51,196
Total current assets		3,426		338,184		173,410		618,681		(218,445	)		915,256
Fixed assets, net		21,378		35,152		21,816		152,915		—			231,261
Intangible assets, net		4,487		44,596		1,154		84,359		—			134,596
Goodwill		—		103,880		7,675		150,070		—			261,625
Other assets		8,025		5,654		1,096		38,512		—			53,287
Deferred income taxes long-term		21,085		—		—		2,111		(23,196	)		—
Investment in subsidiaries		949,814		8,795		—		—		(958,609	)		—
Assets held for sale, net of current portion		—		—		1,676		22,769		—			24,445
Total assets	$	1,008,215	$	536,261	$	206,827	$	1,069,417	$	(1,200,250	)	$	1,620,470
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—	$	—	$	—	$	—		$	—
Accounts payable		4,222		51,283		35,910		110,260		—			201,675
Accrued liabilities		17,900		9,921		6,929		86,795		—			121,545
Current portion of long-term debt		—		—		—		23,488		—			23,488
Income taxes payable		—		121		—		3,791		—			3,912
Deferred income taxes		20,365		—		744		—		(21,109	)		—
Intercompany balances		92,815		—		47,424		33,308		(173,547	)		—
Current portion of assets held for sale		689		—		3,773		11,958		—			16,420
Total current liabilities		135,991		61,325		94,780		269,600		(194,656	)		367,040
Long-term debt		500,896		—		—		306,916		—			807,812
Deferred income taxes long-term		—		41,039		2,053		—		(23,196	)		19,896
Other long-term liabilities		1,622		6,012		8,946		19,765		—			36,345
Assets held for sale, net of current portion		—		—		187		1,532		—			1,719
Total liabilities		638,509		108,376		105,966		597,813		(217,852	)		1,232,812
Stockholders’/invested equity:		369,706		427,885		100,861		453,652		(982,398	)		369,706
Non-controlling interest		—		—		—		17,952		—			17,952
Total liabilities and equity	$	1,008,215	$	536,261	$	206,827	$	1,069,417	$	(1,200,250	)	$	1,620,470

Condensed Consolidating Balance Sheet

October 31, 2012

In thousands	Quiksilver, Inc.		QS Wholesale, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	324	$	1,966	$	(1,831	)	$	41,364	$	—		$	41,823
Trade accounts receivable, net		—		80,522		83,018			247,234		—			410,774
Other receivables		20		2,767		1,703			26,524		—			31,014
Income taxes receivable		—		117		—			—		(117	)		—
Inventories		—		32,156		92,139			224,278		(21,696	)		326,877
Deferred income taxes		—		26,617		—			21,198		(21,408	)		26,407
Prepaid expenses and other current assets		2,277		4,463		4,399			14,321		—			25,460
Intercompany balances		—		218,896		—			—		(218,896	)		—
Current portion of assets held for sale		—		—		26,162			18,053		(701	)		43,514
Total current assets		2,621		367,504		205,590			592,972		(262,818	)		905,869
Fixed assets, net		18,802		39,175		24,656			153,110		—			235,743
Intangible assets, net		3,228		45,547		1,257			85,124		—			135,156
Goodwill		—		103,880		8,336			144,834		—			257,050
Other assets		2,753		2,083		594			41,958		—			47,388
Deferred income taxes long-term		21,686		—		—			138,716		(45,236	)		115,166
Investment in subsidiaries		1,087,924		12,180		—			—		(1,100,104	)		—
Assets held for sale, net of current portion		—		—		1,607			20,261		—			21,868
Total assets	$	1,137,014	$	570,369	$	242,040		$	1,176,975	$	(1,408,158	)	$	1,718,240
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—	$	—		$	18,147	$	—		$	18,147
Accounts payable		6,995		39,542		55,024			92,772		—			194,333
Accrued liabilities		6,189		15,699		8,098			80,205		—			110,191
Current portion of long-term debt		—		8,594		—			10,053		—			18,647
Income taxes payable		—		—		—			1,476		(117	)		1,359
Deferred income taxes		20,902		—		506			—		(21,408	)		—
Intercompany balances		119,618		—		68,707			30,571		(218,896	)		—
Current portion of assets held for sale		—		—		5,335			8,604		—			13,939
Total current liabilities		153,704		63,835		137,670			241,828		(240,421	)		356,616
Long-term debt		400,000		60,700		—			260,475		—			721,175
Deferred income taxes long-term		—		42,951		2,285			—		(45,236	)		—
Other long-term liabilities		—		5,413		8,909			23,741		—			38,063
Assets held for sale, net of current portion		—		—		139			11		—			150
Total liabilities		553,704		172,899		149,003			526,055		(285,657	)		1,116,004
Stockholders’/invested equity:		583,310		397,470		93,037			631,994		(1,122,501	)		583,310
Non-controlling interest		—		—		—			18,926		—			18,926
Total liabilities and equity	$	1,137,014	$	570,369	$	242,040		$	1,176,975	$	(1,408,158	)	$	1,718,240

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2013

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss)/income	$	(232,565	)	$	30,412		$	7,824		$	(154,314	)	$	115,118		$	(233,525	)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Income from discontinued operations		689			—			(5,211	)		(1,353	)		(11	)		(5,886	)
Depreciation and Amortization		2,218			11,556			6,031			30,153			—			49,958
Stock based compensation		21,556			—			—			—			—			21,556
Provision for doubtful accounts		—			(129	)		(1,823	)		7,681			—			5,729
Asset impairments		—			1,646			5,939			4,742			—			12,327
Equity in earnings		138,111			2,739			—			613			(140,850	)		613
Non-cash interest expense		4,702			1,312			—			781						6,795
Deferred income taxes		—			(1,750	)		—			160,847			—			159,097
Other adjustments to reconcile net (loss)/income		316			27			(196	)		(1,529	)		—			(1,382	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(3,339	)		36,610			(34,491	)		—			(1,220	)
Inventories		—			(11,182	)		3,830			(30,251	)		25,743			(11,860	)
Other operating assets and liabilities		8,327			3,080			(20,748	)		32,027			—			22,686
Cash (used in)/provided by operating activities of continuing operations		(56,646	)		34,372			32,256			14,906			—			24,888
Cash provided by operating activities of discontinued operations		—			—			1,515			789			—			2,304
Net cash (used in)/provided by operating activities		(56,646	)		34,372			33,771			15,695			—			27,192
Cash flows from investing activities:
Proceeds from sale of fixed assets		55			—			12			792			—			859
Capital expenditures		(7,347	)		(6,606	)		(7,965	)		(30,264	)		—			(52,182	)
Cash used in investing activities of continuing operations		(7,292	)		(6,606	)		(7,953	)		(29,472	)		—			(51,323	)
Cash used in investing activities of discontinued operations		—			—			(268	)		(2,302	)		—			(2,570	)
Net cash used in investing activities		(7,292	)		(6,606	)		(8,221	)		(31,774	)		—			(53,893	)
Cash flows from financing activities:
Transactions with non-controlling interest owners		—			(58	)		—			—			—			(58	)
Borrowings on lines of credit		—			—			—			6,157			—			6,157
Payments on lines of credit		—			—			—			(22,561	)		—			(22,561	)
Borrowings on long-term debt		500,776			59,829			—			92,310			—			652,915
Payments on long-term debt		(400,000	)		(129,123	)		—			(53,333	)		—			(582,456	)
Payments of debt issuance costs		(9,965	)		(4,312	)		—			—			—			(14,277	)
Stock option exercises and employee stock purchases		9,944			—			—			—			—			9,944
Intercompany		(37,106	)		47,665			(23,423	)		12,864			—			—
Cash provided by/(used in) financing activities of continuing operations		63,649			(25,999	)		(23,423	)		35,437			—			49,664
Cash provided by financing activities of discontinued operations		—			—			—			—			—			—
Net cash provided by/(used in) financing activities		63,649			(25,999	)		(23,423	)		35,437			—			49,664
Effect of exchange rate changes on cash		—			—			—			(7,506	)		—			(7,506	)
Net (decrease)/increase in cash and cash equivalents		(289	)		1,767			2,127			11,852			—			15,457
Cash and cash equivalents, beginning of period		324			1,966			(1,831	)		41,364			—			41,823
Cash and cash equivalents, end of period	$	35		$	3,733		$	296		$	53,216		$	—		$	57,280

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2012

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss)/income	$	(10,756	)	$	19,636		$	31,345		$	49,265		$	(99,233	)	$	(9,743	)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Income from discontinued operations		—			—			(5,721	)		(2,080	)		299			(7,502	)
Depreciation and Amortization		2,088			11,314			6,483			32,533			—			52,418
Stock based compensation		22,552			—			—			—			—			22,552
Provision for doubtful accounts		—			(763	)		(1,307	)		6,100			—			4,030
Asset impairments		—			11			5,151			2,072			—			7,234
Equity in earnings		(74,572	)		4,674			—			282			69,898			282
Non-cash interest expense		1,490			1,506			—			689			—			3,685
Deferred income taxes		—			474			—			(9,095	)		—			(8,621	)
Other adjustments to reconcile net (loss)/income		(443	)		(94	)		130			(6,114	)		—			(6,521	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(7,227	)		(19,368	)		(24,155	)		—			(50,750	)
Inventories		—			23,444			(41,966	)		(3,331	)		29,036			7,183
Other operating assets and liabilities		5,918			(9,589	)		16,996			(42,144	)		—			(28,819	)
Cash (used in)/provided by operating activities of continuing operations		(53,723	)		43,386			(8,257	)		4,022			—			(14,572	)
Cash provided by operating activities of discontinued operations		—			—			(1,521	)		2,554			—			1,033
Net cash (used in)/provided by operating activities		(53,723	)		43,386			(9,778	)		6,576			—			(13,539	)
Cash flows from investing activities:
Proceeds from sale of fixed assets		—			43			2			8,153			—			8,198
Capital expenditures		(4,388	)		(13,744	)		(8,527	)		(36,684	)		—			(63,343	)
Cash used in investing activities of continuing operations		(4,388	)		(13,701	)		(8,525	)		(28,531	)		—			(55,145	)
Cash used in investing activities of discontinued operations		—			—			(309	)		(11,546	)		—			(11,855	)
Net cash used in investing activities		(4,388	)		(13,701	)		(8,834	)		(40,077	)		—			(67,000	)
Cash flows from financing activities:
Transactions with non-controlling interest owners		—			(11,000	)		—			—			—			(11,000	)
Borrowings on lines of credit		—			—			—			15,139			—			15,139
Payments on lines of credit		—			—			—			(12,641	)		—			(12,641	)
Borrowings on long-term debt		—			93,500			—			46,535			—			140,035
Payments on long-term debt		—			(70,800	)		—			(42,041	)		—			(112,841	)
Stock option exercises and employee stock purchases		2,241			—			—			—			—			2,241
Intercompany		56,177			(44,391	)		20,422			(32,208	)		—			—
Cash provided by/(used in) financing activities of continuing operations		58,418			(32,691	)		20,422			(25,216	)		—			20,933
Cash provided by financing activities of discontinued operations		—			—			—			—			—			—
Net cash provided by/(used in) financing activities		58,418			(32,691	)		20,422			(25,216	)		—			20,933
Effect of exchange rate changes on cash		—			—			—			(8,324	)		—			(8,324	)
Net increase/(decrease) in cash and cash equivalents		307			(3,006	)		1,810			(67,041	)		—			(67,930	)
Cash and cash equivalents, beginning of period		17			4,972			(3,641	)		108,405			—			109,753
Cash and cash equivalents, end of period	$	324		$	1,966		$	(1,831	)	$	41,364		$	—		$	41,823

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2011

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss)/income	$	(21,258	)	$	27,524		$	13,477		$	39,479		$	(77,092	)	$	(17,870	)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Income from discontinued operations		—			—			(6,120	)		(375	)		332			(6,163	)
Depreciation and Amortization		1,735			13,191			7,067			33,079			—			55,072
Stock based compensation		14,414			—			—			—			—			14,414
Provision for doubtful accounts		—			225			740			7,268			—			8,233
Asset impairments		—			1,778			1,621			82,974			—			86,373
Equity in earnings		(50,224	)		(994	)		—			(197	)		51,060			(355	)
Non-cash interest expense		1,387			1,808			—			15,917			—			19,112
Deferred income taxes		—			3,703			—			(31,951	)		—			(28,248	)
Other adjustments to reconcile net (loss)/income		72			351			130			(6,219	)		—			(5,666	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(8,811	)		(10,278	)		(10,021	)		—			(29,110	)
Inventories		—			(49,448	)		6,311			(50,720	)		25,700			(68,157	)
Other operating assets and liabilities		(17,134	)		5,146			7,739			30,273			—			26,024
Cash (used in)/provided by operating activities of continuing operations		(71,008	)		(5,527	)		20,687			109,507			—			53,659
Cash provided by/(used in) operating activities of discontinued operations		—			—			1,870			(1,380	)		—			490
Net cash (used in)/provided by operating activities		(71,008	)		(5,527	)		22,557			108,127			—			54,149
Cash flows from investing activities:
Proceeds from sale of fixed assets		—			5			10			12,531			—			12,546
Capital expenditures		(12,570	)		(21,726	)		(12,336	)		(42,396	)		—			(89,028	)
Payment for purchases of companies		—			—			(528	)		(5,050	)		—			(5,578	)
Cash used in investing activities of continuing operations		(12,570	)		(21,721	)		(12,854	)		(34,915	)		—			(82,060	)
Cash used in investing activities of discontinued operations		—			—			(562	)		—			—			(562	)
Net cash used in investing activities		(12,570	)		(21,721	)		(13,416	)		(34,915	)		—			(82,622	)
Cash flows from financing activities:
Borrowings on lines of credit		—			—			—			30,070			—			30,070
Payments on lines of credit		—			—			—			(35,303	)		—			(35,303	)
Borrowings on long-term debt		—			44,500			—			270,830			—			315,330
Payments on long term debt		—			(25,524	)		—			(259,152	)		—			(284,676	)
Payments of Debt and Equity Issuance Costs		—			—			—			(6,391	)		—			(6,391	)
Stock option exercises and employee stock purchases		4,129			—			—			—			—			4,129
Intercompany		79,302			(25,463	)		(13,247	)		(40,592	)		—			—
Cash provided by/(used in) financing activities of continuing operations		83,431			(6,487	)		(13,247	)		(40,538	)		—			23,159
Cash provided by financing activities of discontinued operations		—			—			—			—			—			—
Net cash provided by/(used in) financing activities		83,431			(6,487	)		(13,247	)		(40,538	)		—			23,159
Effect of exchange rate changes on cash		—			—			—			(5,526	)		—			(5,526	)
Net (decrease)/increase in cash and cash equivalents		(147	)		(33,735	)		(4,106	)		27,148			—			(10,840	)
Cash and cash equivalents, beginning of period		164			38,707			465			81,257			—			120,593
Cash and cash equivalents, end of period	$	17		$	4,972		$	(3,641	)	$	108,405		$	—		$	109,753